Hot-rolled coil export prices from the Commonwealth of Independent States (CIS) stabilized this week, with suppliers and buyers agreeing on a "workable price level", sources told Fastmarkets. Fastmarkets' weekly price assessment for steel HRC, export, fob Black Sea was $475-490 per tonne on Monday January 20, unchanged week on week.Ukraine-origin HRC was sold to Turkey at $490-495 p...Read More
A thaw in trade relations between the United States and China is lending broad support to commodity prices, with the yuan strengthening against the dollar.The Chinese currency was trading at 6.87 yuan to $1 on Tuesday January 21, down by 1.6% from a month earlier, and down by 3.8% from a peak reached in September 2019.The strength of the yuan against the dollar has been a barometer for US-China tr...Read More
Mexican scrap prices have increased, particularly in the country's northern region, with consumers maintaining low inventories of certain scrap products while the country's market catches up to past increases in the United States' scrap industry.In the region near the country's northern city of Monterrey, all five grades of scrap have increased, mainly due to the impact of recent price changes in...Read More
Turkish steel producers have continued to hold back from the deep-sea scrap markets, expecting prices to go even lower, sources said on Tuesday January 21.Prices in the deep-sea scrap markets fell by around $15 per tonne late last week, after a steel mill in the Izmir region booked a US cargo of 35,000 tonnes of HMS 1&2 (95:5) at $295 per tonne cfr late on January 15.This would have put the HMS 1&...Read More
Iron ore trading was quieter on Tuesday January 21, with Iron Ore Carajas (IOCJ) continuing to be the top performer in the run up to the week-long Chinese New Year holiday, which starts on Friday.62% Fe fines, cfr Qingdao: $96.80 per tonne, up $0.10 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $95.84 per tonne, up $0.10 per tonne.62% Fe low-alumina fines, cfr Qingdao: $97.83 p...Read More
The seaborne coking coal market kept steady on Tuesday January 21 even though Australian rail freight operator Aurizon flagged train cancellations following a derailment on Sunday January 19.Fastmarkets indicesPremium hard coking coal, fob DBCT: $152.23 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $160.13 per tonne, unchangedHard coking coal, fob DBCT: $127.01 per tonne, unchangedHa...Read More
China's hot-rolled coil market was quiet on Tuesday January 21, with producers suspending their operations before the Chinese New Year, while concerns have emerged over post-holiday demand due to the spread of a mysterious respiratory virus that has claimed several lives.DomesticEastern China (Shanghai): 3,860-3,880 yuan ($562-565) per tonne, unchangedNorthern China (Tangshan): 3,590 yuan per tonn...Read More
China's domestic rebar prices were flat amid weak demand on Tuesday January 21, though production costs provided some support to the market. Eastern China (Shanghai): 3,640-3,670 yuan ($528-533) per tonne, unchangedNorthern China (Beijing): 3,540-3,560 yuan per tonne, unchangedThe net profit of integrated mills - which are major rebar producers - has been hovering around 50 yuan per tonne in the p...Read More
Fortis Group has appointed Sebastian Voigt as its chief executive officer, replacing Kris Guns, who held the position at the minor metals and chemicals company since 2014.Voigt is moving into the role of CEO, "in order to drive sales activities both externally and internally," the company said in a release on January 21, and will remain in close cooperation...Read More
Stream 'SELF' https://ditto.fm/self-'STATIC' EP (2/4): https://ditto.fm/static_epDirected by: Jacob "Kuba" BojszaFollow Brandon Banks:SoundCloud: https://soundcloud.com/brandonxbanksInstagram: https://www.instagram.com/brandonxbanks/Twitter: https://twitter.com/brandonxbanksFacebook: https://www.facebook.com/brandonbanks...#brandonbanks #mereba #selfRead More
Le nouvel ordre mondial nest PAS un syst??me religieux. Depuis 1997 que je suis sur internet je vois la majorit?(C) des croyants affirmer que le N.O.M. sera un syst??me religieux, je n'ai jamais adh?(C)r?(C) ? cette doctrine mais je ne l'ai jamais contredite voyante la force de conviction attach?(C)e ? elle. Aujourd'hui je d?(C)clare comment et pourquoi cela ne peut ??tre un syst??me religeux et...Read More
The end of the previous decade came with its fair share of warnings about an impending market crash. The ongoing debate reveals that the chances of a recession occurring in 2020 is 50-50. While the 50% odds might make some investors feel hopeful, it’s important not to be complacent.While the market might not crash as severely as it did in 2008, there will likely be a correction. Regardless o...Read More
Kevin Buttimer, Coring Manager, Major Drilling, Bill Mercer, Chair, PDAC Health & Safety Committee, Candice Wingerter, Senior Health, Safety and Environment Advisor, Growth & Innovation, Rio Tinto Exploration Canada Inc. And Kim Bilquist, Chair, AME Environment, Health & Safety Committee. Image: MINING.com. The Association for Mineral Exploration's (AME) annual Roundup conference is in full swing...Read More
Tintaya concentrator in Peru. Image: Glencore As we look to 2020, copper is faced with a finely balanced market. For now, positive investor sentiment around copper's fundamentals is supporting higher prices, Metals and mining research and consultancy group Wood Mackenzie said in a research note Wednesday. Stronger demand growth is underpinned by new semis capacity, while mine supply growth...Read More
Neita consession, Dominican Republic. Image courtesy of Unigold Unigold (TSX: UGD.V) has released the results of 28 holes testing oxide resource potential at its 226-sq.-km Neita concession in the Dominican Republic. The drilling has confirmed oxide mineralization over a strike length of 800 metres and a width of 150 metres, extending down to depths of 20 metres to 30 metres. The oxides appear op...Read More
Generation Mining's Marathon PGM property. Credit: Generation Mining Toronto-based Generation Mining (CSE: GENM) announced on Wednesday it has arranged a bought deal private placement with a group of underwriters, offering approximately 15.38 million units of the company at C$0.52 per unit to raise total proceeds of C$8 million.Each unit comprises one common share in the capital of Generation Min...Read More
Credit: Garibaldi Resources. Most recent intercepts from Garibaldi Resources' 63-sq.-km Nickel Mountain project in British Columbia have extended the mineralized limits, connected these zones and suggest potential for near-surface sulphide mineralization.Drill highlights include:2.1 metres of 7.1% nickel and 3.9% copper in hole EL-19-75, within a 90-metre mineralized interval. This intercept expa...Read More
The legislation provides a framework for government to make and update provincial laws and policies consistent with the declaration.Read More
Today is Wednesday, January 22, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,558.05. It's down -0.04% from yesterday and...Read More
Today is Wednesday, January 22, 2020, and this is your daily oil stocks roundup. Today we're looking at the valuations of World Fuel Services Corporation (NYSE: INT), Archrock (NYSE: AROC), and CNX Resources Corporation (NYSE: CNX).World Fuel Services Corporation (NYSE: INT)World Fuel Services Corporation (NYSE: INT) is a $2.682 billion company today with a one-year return of 67.04%. Let's look at...Read More